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Fed ‘at Last’ Adopted Appropriate Policy Posture, Summers Says

  • Former Treasury chief says it’s right to emphasize flexibility
  • Summers blasts Congressional Budget Office for inflation call
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WATCH: Larry Summers says the Fed’s latest policy stance is “at last broadly appropriate.”Source: Bloomberg

Former Treasury Secretary Lawrence Summers voiced some support for the Federal Reserve’s latest policy stance, after having long criticized the central bank for being slow to take up the fight against decades-high inflation.

“I thought the Fed’s posture at last was broadly appropriate,” Summers told Bloomberg Television’s “Wall Street Week” with David Westin. “Now the question’s going to involve carrying through.”